Elon Musk’s $1 Trillion Tesla Payday on the Line: Norway’s $2T Wealth Fund Says ‘No’ as Shareholders Vote — What It Means for TSLA
Norway’s $2.1 trillion sovereign wealth fund will vote against Elon Musk’s proposed $1 trillion Tesla pay package, citing dilution and key person risk. Proxy advisers ISS and Glass Lewis also recommend voting no. Tesla shares fell 5% after the fund’s announcement, trading near $444 midday. The Nov. 6 vote in Austin will be livestreamed.